Hollysys Automation Technologies, Ltd. ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, announced today that it signed two significant contracts to provide the Automatic Train Protection (ATP) equipment and system for two batches of high-speed trains in 200-250km/h and 300-350km/h, with the contract size for each of RMB 179.98 million or USD $29.35 million, and RMB 507.36 million or USD $82.74 million approximately.

Recall, the on-board signaling equipment ATP (Automatic Train Protection), works together with the ground-based signaling equipment TCC (Train Control Center) as the critical control elements in the high-speed railway signaling systems to ensure the safety and reliability of the high-speed railway operation.

Hollysys' management commented, "We feel excited about the two significant high-speed rail contract wins. Hollysys proved its strong R&D capability, extraordinary project management, and high-quality products evidenced by a successful track record of high-speed rail lines, including the recently operated Xiamen-Shenzhen line, Xi'an-Baoji line, Chongqing-Lichuan line, and Wuhan-Xianning line, which are equipped with our high-speed rail signaling system. In the future, Hollysys will continue to work closely with the China Railway Corporation and national railway authorities, leveraging its strong R&D capability, effective management, and high-quality products and service, make more contribution to China's railway construction and explore the vast rail and subway opportunities both in China and abroad, and create value for our shareholders."

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